Have you ever purchased a domain to sell on?

[Shortie861]

Purchasing domains to sell on is something I haven't done myself but I have considered it. I see people jumping on popular domain names and purchasing them to sell at a higher price than what they paid for them, it's a good thing to do if you can but it's hitting the right name at the right time before someone else does.

Have you ever purchased domains to sell on? Is this something you would consider?